Crowdfunding, disrupting banks

Crowdfunding, disrupting banks

From a report by BBVA Compass:

“To succeed in this new hyperconnected and competitive environment, banks will have to follow a customer-centric approach and offer simple, user-friendly and effective products, with a high level of transparency and security,” chief economist Nathaniel Karp writes.

The report and article goes on to discuss crowdfunding.

Tangential thought: Why haven’t individual college students tried crowdsourcing their tuition yet?

Christopher Hitchens’ Lies to Atheists

Christopher Hitchens’ Lies to Atheists

(via @__nolan__)

It’s not really that he lied per se, he was just very vocal about his extremist view typical of reductionistic scientists, which is the prominent perspective embraced by the likes of the Technological Singularity movement (Dean Kaman et al), etc etc.

Reductionism, however, fails to appreciate the power of the whole. Chaos theory and related disciplines, however, have been recently exposing the fact that the whole is more than the sum of its parts.

Which basically means that, in addition to math and physics, we should appreciate art, poetry, story (narrative) & myth, the improvisational nature of hip-hop and jazz, and the emotion that goes along with all that.

I know that most men, including those at ease with problems of the greatest complexity, can seldom accept even the simplest and most obvious truth if it be such as would oblige them to admit the falsity of conclusions which they have delighted in explaining to colleagues, which they have proudly taught to others, and which they have woven, thread by thread, into the fabric of their lives.

The Skill Developed in Meditation

Via Ben Casnocha’s blog

Meditation is basically a training method for your mind. When certain things happen to you, your mind generates a certain response whether it be happiness, frustration, anger ect. The way your mind has been inculcated is the path of least resistance and the path it wants to take, and will take unless you know how to mitigate it. Meditation teaches you how and makes it easier to override the process. Who is doing the overriding of this process? Well, that’s the million dollar question. But I digress.

So here’s what I’m getting at: if meditation is too easy, you’re doing something wrong. You might be getting yourself really relaxed, but is it possible that’s all you’re doing? Not saying it is. I don’t know, just throwing some ideas out there and it’s up to you to see if any seem to fit your situation.

But as you meditate, your mind wants to grab onto the thoughts and not your breath. The course of least resistance is away from your breath and back into whatever thoughts are vying for your attention. Every time you go back to the breath, you train or teach yourself even, to take the opposite of the path of least resistance. This is coupled with the fact that half the time when you meditate, your mind says, “I’m tired. Stop concentrating on the breath and just kick back and let a guided meditation do most of the work.” But every time this comes up you learn to drop it by returning to the breath and not listening to the thought no matter how loud and powerful it can get.

When you first start meditating you have this thought and then come back to the breath. But there’s still a trace of this thought floating around in your mind and eventually it pulls you in again. As soon as you realize your back in that thought again, you turn your awareness back to the breath and away from the thought. But then it pulls you in again. And then you drop it again. You do this over and over and over. But as you practice you get better and better and faster and faster at recognizing it. You start to figure out how to do it most efficiently and quickly, seeing and dropping thoughts before they even become thoughts at all.

After doing this hour after hour, you gain a skill. One day you realize that you don’t have to be sitting on a cushion to use this skill. I can’t really explain how it’s done, but it’s just something you learn from continually focusing, coming back to, and holding your attention on the breath. It’s like if you ever do a lot of push-ups, eventually you will realize, “I can flex my pecs.” You couldn’t flex them before, and you don’t really know how you learned to do it, but now you can just do it. (source)

(Hat tip to Andy McKenzie)

In my experience, disciplined meditation leads to clearer thinking, increased empathy, and a higher level of everyday awareness.

The Other Side

If You Ever Feel Alone In This

So most of us keep these struggles private, some of us are lucky to count fellow founders as close friends who we can confide in. Who we can talk to candidly in a circle of founder trust. If you’re a founder and don’t have this, make these friendships. They can save your life.


If you could have an honest conversation with every founder, you’d probably find that they either are or were very depressed at some point. Maybe there is some predisposition for emotionally unstable people to want to be founders, but most likely the high rate of depression is because this is fucking hard, it’s stressful and there are huge risks.

Why many entrepreneurs are privately suffering

“Hypomania can give entrepreneurs significant advantages. It includes elevated mood, expansive creativity, and an increased ability to tolerate risk. Soft bipolar entrepreneurs can be visionary, highly self confident, persuasive, energized, and boundlessly enthusiastic about the companies they are building.” Think of hypomania as a kind of “success gene.”


For those who are mostly hypomanic, they need support in checking the “irrational exuberance” that can put their companies at risk. They need to engage in calming activities like walking, meditating, and ensuring that they abate the insomnia that naturally comes with an active mind. They also need cofounders, employees, and advisors who are willing to challenge the feasibility of implementing some of their wild ideas. Those who experience mild depression must train themselves to follow exercise regimens, spend time with loved ones, and learn how to manage feelings of self doubt and negative thinking. And for those who suffer from bouts of chronic depression, the right medications and evidence-based therapies can be life changing.